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Govt suggests dual listing for SMEs

Small companies can widen capital sourcing options by tapping IFSC at Gift City; BSE should explore getting FIIs and sovereign wealth funds participate in SME platform: Goyal

India poised to become $30 tn economy by 2047: Piyush Goyal

India poised to become $30 tn economy by 2047: Piyush Goyal

Tapping Multiple Sources

- Dual listing will help SMEs raise funds in domestic, global mkts

- 400th listing on BSE's SME platform

- 150 SME platform members graduated to main platform

Mumbai: Commerce and Industry Minister Piyush Goyal on Monday urged small businesses to consider 'dual listing' to widen their capital raising options. The minister said small companies have the option to list on the main bourses' SME platforms and also on the Gift City in Gandhinagar.

Speaking at an event to mark the 400th listing on the BSE's SME platform, he said, "there is a need to tap into more sources of capital as that can give a fillip to the small business sector. Possibly you can look at the International Financial Services Centre at the Gift City.

We also need to see whether we can encourage some of these companies to explore getting listed through the Gift City platform or a dual listing between Mumbai and the Gift City."

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